Ignatius (Iggy) Licato, Director of Investigation

Sage Intelligence’s Director of Investigation, Ignatius Licato, manages investigations into financial fraud and asset misappropriation related to commercial litigation and criminal investigations. He has extensive experience conducting joint investigations with regulatory agencies and state and federal law enforcement agencies, including the F.B.I., the Manhattan District Attorney’s Office, and the U.S. Postal Service, involving identity theft, bank fraud, postal crimes, and money laundering.

His recent investigations include foreign and domestic surveillance, witness identification, data mining, and the retrieval of revelation of theft and financial crimes, which involved the subsequent arrest and conviction of the criminals, as well as the recovery of stolen assets.

Prior to joining Sage, Iggy represented firms affected by financial frauds committed by employees, partners, and industry players during his tenure at KBTF/Intelligence Options LLC. During one such case, he played a key role in an investigation conducted on behalf of the United States Federal Housing Finance Agency related to its suits against numerous financial institutions accused of misrepresenting mortgage-backed securities sold to Fannie Mae and Freddie Mac. Iggy managed the employee interviews, witness identification, and data retrieval operations, which ultimately prompted several high-dollar settlements and admissions of wrongdoing from the financial institutions.

Additionally, Iggy also conducted an investigation on behalf of Fairfax Financial Holdings. The client was seeking billions of dollars in damages from several defendants, who were accused of conspiracy to commit securities fraud. The revelation of the conspiracy, and Iggy’s role in curtailing the activities of those involved, played a determinative role in the client’s recovery and continued success.

Iggy retired as a Detective 2nd Grade from the New York Police Department, leading some of the most publicized and complex white-collar investigations prosecuted in New York City. Iggy’s impressive roster includes global investigations involving corruption within Tyco International, Ltd., which led to the arrest and conviction of Tyco’s Chief Executive Officer and Chief Financial Officer. He has also handled investigations involving high-profile individuals, such as one case that he led as Detective assigned to the Manhattan District Attorney’s Office involving the theft of 35 priceless heirlooms from Sotheby’s auction house belonging to a very prominent political family, which culminated in the arrest of a Sotheby’s employee and other accomplices. The stolen items were successfully recovered and returned to the family.

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